Monday, January 26, 2015

Trade Idea Wrap-up: USD/JPY - Buy at 117.50

As the greenback has rebounded again after finding good support at 117.26, retaining our view that further choppy trading within 117.18-118.87 range would be seen and as long as said lower level holds, mild upside bias remains for gain to 118.60, however, only break of strong resistance area at 118.82-87



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